The Reserve Bank of India fixed the reference rate for dollar at 58.77 and for the euro at 80.56.

The rupee dropped further against the pound to 99.30 from 98.69 previously. It, however, fell back slightly to 80.37 against the euro from 80.32. The rupee also turned negative to end down at 58.14 per 100 Japanese yen from 57.85.